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Search Results: 2,206 results for keyword "banks".
Banks cut deposit rates thanks to good liquidity
16-04-2018 10:38
Many banks have recently reduced deposit interest rates by 0.2-0.4 percentage points against earlier this year due to good capital mobilisation amidst the credit slowdown.
Bankers go on trial in London over Euribor-rigging
10-04-2018 13:26
The first trial for the rigging of the Euribor lending rate, which has forced major banks to pay out billions, got underway in London on Monday (Apr 9).
Ministries disagree on solutions to collect tax from Google, Facebook
09-04-2018 15:25
The Ministry of Finance (MOF) wants the State Bank of Vietnam (SBV) to instruct commercial banks to withhold taxes from transactions with Facebook and Google, but SBV said it is not authorized to do so.
Moody’s upgrades rating of four banks in Vietnam
09-04-2018 11:54
Moody’s Investors Service has upgraded the long-term local currency deposit and local- and foreign-currency issuer ratings of ACB, MB Bank, and Techcombank from B2 to B1, while affirming the long-term local and foreign-currency deposit and issuer ratings of VPBank at B2 and upgrading its BCA to b2 from b3.
Excess loans to be permitted beginning May 1
09-04-2018 09:51
Credit institutions and foreign banks will be allowed to grant loans to some prioritised borrowers in excess of lending limits regulated by law beginning next month.
South Korean banks entering Vietnam in wake of FDI surge
07-04-2018 14:00
Inspired by many South Korean businesses and investors making a splash in Vietnam, many South Korean financial institutions are seeking to further invest or shore up their operations here. And it is not only South Korean businesses, but local ones too that such investors are aiming at.
Law on dual roles rearranges top bank personnel
07-04-2018 13:46
In order to comply with the new amendment on holding dual posts in commercial banks and enterprises, leaders of various banks, including LienVietPostBank and Nam A Bank took leave, signalling huge changes in the banks' board of directors (BOD).
Banks swimming in profit despite sluggish first quarter
05-04-2018 18:28
Over the first quarter of 2018, scores of Vietnam-based commercial banks reported million dollar profits despite an overall sluggish market.
Banks buying back bad debts from VAMC
05-04-2018 11:33
Treading in Vietcombank’s footsteps, banks are stepping up efforts to buy back bad debts from state-owned Vietnam Asset Management Company to cushion the bad debt threat.
Chu Lai Soda causes grief even after suspension
04-04-2018 13:48
One year after Chu Lai Soda Processing JSC (Chu Lai Soda) suspended its operations, former employees are still looking for work and banks are still out to collect debts worth VND2 trillion ($88.1 million).
Banks not in haste to establish financial firms
03-04-2018 18:43
Unlike in previous years, founding financial firms or boosting consumer loans has not been among the hot topics at banks’ annual general shareholders’ meetings this year.
Banks begin tightening screws on property credit
02-04-2018 21:43
Huynh Quang Khanh invests in real estate by leveraging credit. Seventy per cent of his investment comes from banks. He has borrowed VNĐ1 billion at an interest rate of 9.5 per cent from a bank in Tan Phu District and also asked some of his relatives to borrow on his behalf from that bank.
Banks prohibited from disbursing loans in cash
02-04-2018 21:19
The State Bank of Viet Nam has tightened lending regulations, prohibiting credit institutions and foreign bank branches from disbursing loans in cash, effective from April 2, according to a new circular.
Private equity finds its way into local banking
31-03-2018 11:09
The local banking sector is regaining its place in the sun this year, as more banks are due to get listed on the stock exchanges, while others are undertaking capital raising rounds where more shares are on offer to potential investors. Foreign investment funds, rather than foreign banks, are the ones with the most appetite for a slice of the local banks.
Shareholder activism tops banks' AGM agendas
30-03-2018 10:49
Over the past three years, the manipulation of voting rights or shareholder activism among leaders in the board of directors in Vietnam-based commercial banks was among the most debatable issues brought up at the banks' annual general meetings (AGM).
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